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Forvia on track to mitigate full exposure to US tariffs, CEO says

Forvia, a French automotive supplier, is actively working to mitigate its full exposure to U.S. tariffs, according to CEO Patrick Koller. The company, formed by the merger of Faurecia and Hella, is focusing on reducing its reliance on Chinese-sourced components that are subject to these tariffs. Koller expressed confidence in Forvia's strategy, stating that the company is on track to significantly decrease its exposure by the end of the year. This move is part of a broader effort to navigate the complex trade environment and maintain competitiveness in the U.S. market.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/other/forvia-on-track-to-mitigate-full-exposure-to-us-tariffs-ceo-says/ar-AA1D5lag ]